we shall see what happens when the artificially low interest rates return to their historic norms...

I sure as shit would not want to be POTUS when that happens....I seriously believe that the insiders that could have an edge on the presidency want nothing to so with the job....this is a disaster in waiting

I think your misunderstanding the article... The private debt has been shifting downward, this has been happening at the expense of public debt and consumer behavior. The more specific reason this is happening is two fold, 1) People pulling money out of markets, not taking on as much debt in the form of loans for purchases and new business and 2) the government keeping interest rates artificially low as ideliver pointed out, this pulls burden from the private (consumer) sector into the public.

Both of which is exactly what we could expect to happen after any recession.